Average Franchise Manager Salary in Serbia for 2024

In this article, we will look at the average Franchise Manager salary for 2024 in Serbia and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Serbian dinar. To keep things simple, we are using the RSD currency code instead of the currency symbol дин..

How Much Does a Franchise Manager Make in Serbia?

A Franchise Manager working in Serbia will typically earn around 3,178,700 RSD per year, and this can range from the lowest average salary of about 1,524,300 RSD to the highest average salary of 4,991,200 RSD.

Average Annual Salary
3,178,700 RSD
Average Monthly Salary
264,891 RSD

Lowest Annual Salary
1,524,300 RSD
Lowest Monthly Salary
127,025 RSD

Highest Annual Salary
4,991,200 RSD
Highest Monthly Salary
415,933 RSD

These are average salaries for a Franchise Manager in Serbia and include benefits such as housing and transport. It's also possible for a Franchise Manager to earn more or less than the average salaries shown above.

Franchise Manager salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Franchise Manager Salaries in Serbia

So we've looked at the average salaries a Franchise Manager will earn in Serbia. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Franchise Manager can earn between 1,524,300 RSD and 4,991,200 RSD on average in Serbia. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Franchise Manager in Serbia is 3,312,100 RSD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 3,312,100 RSD, and 50% of the population earn more than 3,312,100 RSD.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Franchise Manager salary in Serbia, 25% of the population are earning less than 2,173,000 RSD while 75% of the population earn more than 2,173,000 RSD.

75% of the population earn less than 4,320,200 RSD, and 25% of the population earn more than 4,320,200 RSD.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Franchise Manager Salary by Experience Level in Serbia

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average franchise manager salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Franchise Manager in Serbia that has less than two years of experience can expect to earn somewhere in the region of 1,788,300 RSD.
  • 2 - 5 Years Experience. With two to five years of experience the average Franchise Manager salary would increase to 2,533,800 RSD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Franchise Manager, the average salary would be 3,335,900 RSD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 4,093,700 RSD.
  • 15 - 20 Years Experience. A Franchise Manager with 15 to 20 years of experience can earn an average of 4,355,800 RSD.
  • 20+ Years Experience. For a Franchise Manager with more than 20 years, the expected average salary increases to 4,777,400 RSD.

Average Salary by Experience Chart

0-2 Years
1,788,300 RSD
2-5 Years +42%
2,533,800 RSD
5-10 Years +31%
3,335,900 RSD
10-15 Years +23%
4,093,700 RSD
15-20 Years +6%
4,355,800 RSD
20+ Years +10%
4,777,400 RSD

Franchise Manager Salary by Education Level in Serbia

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Franchise Manager in Serbia based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Franchise Manager in Serbia with a high school education can earn an average salary of 2,221,600 RSD.

  • Certificate or Diploma. A Franchise Manager in Serbia with a certificate or diploma education can earn an average salary of 2,566,100 RSD.

  • Bachelor's Degree. A Franchise Manager in Serbia with a bachelor's degree education can earn an average salary of 3,745,100 RSD.

  • Master's Degree. A Franchise Manager in Serbia with a master's degree education can earn an average salary of 4,618,200 RSD.

Average Salary by Education Chart

High School
2,221,600 RSD
Certificate or Diploma +16%
2,566,100 RSD
Bachelor's Degree +46%
3,745,100 RSD
Master's Degree +23%
4,618,200 RSD

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Serbia is around 701,000 to 2,100,000 RSD and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Franchise Manager Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Serbia, a male franchise manager will earn an average of 3,263,500 RSD, while a female franchise manager will earn around 3,118,900 RSD.

This means that a male franchise manager earns approximately 5% more than a female franchise manager for performing the same job.

Average Salary by Gender Chart in Serbia

Male
3,263,500 RSD
Female -5%
3,118,900 RSD

Franchise Manager Average Pay Raise in Serbia

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Franchise Manager in Serbia is around 12% every 20 months.

The national average pay raise across all professions and industries in Serbia is around 7% every 20 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 12 ÷ 20 ) × 12  = 7%

What this means is that a Franchise Manager in Serbia can expect to receive an average pay raise of around 7% every 12 months.

Annual Pay Raise by Industry in Serbia for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Serbia.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Franchise Manager Bonus and Incentive Rates in Serbia

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Franchise Manager is a high bonus based job, with 80% of employees reporting at least one bonus in the last 12 months.

20% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 5% to 9%.

Received Bonus
80%
No Bonus
20%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Serbia earn approximately 15% more than private sector employees in the same role.

Public Sector
1,800,200 RSD
Private Sector -15%
1,570,900 RSD

Salaries for Jobs Similar to a Franchise Manager

In the table below, we have salary information for jobs that are similar to a Franchise Manager in Serbia.

Job Title Category Salary
Account Coordinator Executive and Management 1,537,500 RSD
Account Director Executive and Management 1,858,200 RSD
Account Executive Executive and Management 1,800,200 RSD
Account Manager Executive and Management 1,765,300 RSD
Administration Manager Executive and Management 1,870,400 RSD
Administration Officer Executive and Management 991,000 RSD
Administration Supervisor Executive and Management 1,537,500 RSD
Administrative Clerk Executive and Management 714,300 RSD
Administrative Officer Executive and Management 733,300 RSD
Area Director Executive and Management 1,716,600 RSD
Area Manager Executive and Management 1,751,700 RSD
Asset Protection Associate Executive and Management 1,870,400 RSD
Assistant Director Executive and Management 1,870,400 RSD
Assistant General Manager Executive and Management 1,908,800 RSD
Assistant Manager Executive and Management 2,076,600 RSD
Assistant Managing Director Executive and Management 2,161,200 RSD
Assistant Operations Manager Executive and Management 2,110,600 RSD
Assistant Project Manager Executive and Management 1,800,200 RSD
Assistant Section Head Executive and Management 1,621,400 RSD
Assistant to CEO Executive and Management 1,741,800 RSD
Assistant Vice President Executive and Management 2,076,600 RSD
Associate Account Director Executive and Management 1,896,700 RSD
Associate Director Executive and Management 1,882,700 RSD
Bid Manager Executive and Management 2,184,900 RSD
Branch Manager Executive and Management 2,052,200 RSD
Business Development Manager Executive and Management 2,339,200 RSD
Business Operations Associate Executive and Management 1,811,000 RSD
Business Operations Lead Executive and Management 1,858,200 RSD
Campaign Manager Executive and Management 2,052,200 RSD
Catering Coordinator Executive and Management 1,116,700 RSD
Catering Manager Executive and Management 1,896,700 RSD
CEO Executive and Management 3,733,300 RSD
Chairman of The Board Executive and Management 3,432,600 RSD
Chairman Office Manager Executive and Management 2,230,100 RSD
Chief Commercial Officer Executive and Management 2,662,900 RSD
Chief Corporate Officer Executive and Management 2,928,100 RSD
Chief Executive Officer Executive and Management 3,553,500 RSD
Chief Financial Officer Executive and Management 3,168,300 RSD
Chief Investment Officer Executive and Management 2,734,500 RSD
Chief of Staff Executive and Management 1,703,200 RSD
Chief Operating Officer Executive and Management 2,653,700 RSD
Chief Risk Officer Executive and Management 2,254,400 RSD
Client Account Manager Executive and Management 2,197,700 RSD
Client Accounts Officer Executive and Management 1,835,700 RSD
Client Services Manager Executive and Management 2,266,400 RSD
Commercial Director Executive and Management 2,339,200 RSD
Commercial Manager Executive and Management 2,110,600 RSD
Commercial Project Manager Executive and Management 1,921,500 RSD
Commodity Broker Executive and Management 1,487,200 RSD
COO Executive and Management 2,773,700 RSD
Corporate Affairs Executive Executive and Management 2,161,200 RSD
Corporate Compliance Director Executive and Management 2,281,800 RSD
Corporate Director Executive and Management 2,374,400 RSD
Corporate Officer Executive and Management 1,621,400 RSD
Corporate Partnerships Officer Executive and Management 1,741,800 RSD
Country Manager Executive and Management 2,734,500 RSD
Department Head Executive and Management 2,281,800 RSD
Department Manager Executive and Management 2,266,400 RSD
Department Supervisor Executive and Management 1,942,700 RSD
Deputy Director Executive and Management 2,435,600 RSD
Deputy Manager Executive and Management 2,495,600 RSD
Director Executive and Management 2,868,600 RSD
Director of Accreditation Executive and Management 2,266,400 RSD
Director of Catering Services Executive and Management 2,230,100 RSD
Director of Client Services Executive and Management 2,290,300 RSD
Director of Facilities Management Executive and Management 2,038,500 RSD
Director of Operations Executive and Management 2,389,200 RSD
Director of Process Simplification Executive and Management 1,870,400 RSD
Director of Product Management Executive and Management 2,281,800 RSD
Director of Project Management Executive and Management 2,401,300 RSD
Director of Revenue Management Executive and Management 2,136,200 RSD
Director of Training and Development Executive and Management 2,352,500 RSD
Distribution Manager Executive and Management 2,495,600 RSD
Division Manager Executive and Management 2,100,900 RSD
Duty Manager Executive and Management 2,065,400 RSD
Engagement Manager Executive and Management 2,423,000 RSD
Executive Director Executive and Management 3,577,600 RSD
Executive Manager Executive and Management 2,807,200 RSD
General Manager Executive and Management 2,807,200 RSD
Global Master Data Manager Executive and Management 2,557,100 RSD
Global Technical Lead Executive and Management 1,668,900 RSD
Head of Investment Executive and Management 2,401,300 RSD
Head of Middle Office Executive and Management 2,327,100 RSD
Head of Projects Executive and Management 2,304,300 RSD
Head of Strategy Executive and Management 2,819,600 RSD
Head of Supply Chain Executive and Management 2,281,800 RSD
Head of Sustainability Executive and Management 2,076,600 RSD
Housing Manager Executive and Management 1,955,300 RSD
HSE Manager Executive and Management 1,967,000 RSD
Key Account Manager Executive and Management 2,086,500 RSD
Knowledge Manager Executive and Management 2,221,600 RSD
Location Manager Executive and Management 2,314,800 RSD
Logistics Executive Executive and Management 1,870,400 RSD
Logistics Manager Executive and Management 1,800,200 RSD
Management Consultant Executive and Management 1,896,700 RSD
Management Executive Executive and Management 2,557,100 RSD
Manager Executive and Management 2,485,800 RSD
Managing Director Executive and Management 2,844,200 RSD
MIS Executive Executive and Management 2,374,400 RSD
Ocean Services Manager Executive and Management 2,605,500 RSD
Operational Manager Executive and Management 2,593,900 RSD
Operations Analyst Executive and Management 2,136,200 RSD
Operations Assistant Executive and Management 1,741,800 RSD
Operations Director Executive and Management 2,662,900 RSD
Operations Executive Executive and Management 2,593,900 RSD
Operations Manager Executive and Management 2,759,700 RSD
Operations Supervisor Executive and Management 2,290,300 RSD
Planning Director Executive and Management 2,495,600 RSD
PMO Manager Executive and Management 2,281,800 RSD
Policy Administration Executive Executive and Management 2,052,200 RSD
Private Sector Executive Executive and Management 2,136,200 RSD
Product Development Manager Executive and Management 2,389,200 RSD
Product Executive Executive and Management 2,003,200 RSD
Production Executive Executive and Management 2,362,300 RSD
Production Manager Executive and Management 2,423,000 RSD
Production Supervisor Executive and Management 2,124,400 RSD
Program Director Executive and Management 2,557,100 RSD
Program Manager Executive and Management 2,471,700 RSD
Programme Coordinator Executive and Management 1,678,300 RSD
Project Control Manager Executive and Management 2,593,900 RSD
Project Coordinator Executive and Management 1,440,700 RSD
Project Management Officer Executive and Management 1,741,800 RSD
Project Manager Executive and Management 1,741,800 RSD
Project Portfolio Manager Executive and Management 1,955,300 RSD
Quality Manager Executive and Management 1,858,200 RSD
R/D Director Executive and Management 2,076,600 RSD
Regional Director Executive and Management 3,144,700 RSD
Regional Manager Executive and Management 2,566,100 RSD
Relationship Manager Executive and Management 2,495,600 RSD
Retail District Manager Executive and Management 1,741,800 RSD
Revenue Manager Executive and Management 1,882,700 RSD
Risk and Capital Manager Executive and Management 2,605,500 RSD
Risk Officer Executive and Management 1,908,800 RSD
Safety Manager Executive and Management 1,811,000 RSD
Section Head Executive and Management 1,835,700 RSD
Service Manager Executive and Management 1,990,300 RSD
Shift Supervisor Executive and Management 1,537,500 RSD
Solutions Manager Executive and Management 1,645,600 RSD
Supervisor Executive and Management 1,537,500 RSD
Supply Chain Manager Executive and Management 2,519,500 RSD
Surveyor Executive and Management 1,693,600 RSD
Technical Director Executive and Management 2,207,600 RSD
Technical Manager Executive and Management 2,352,500 RSD
Territory Manager Executive and Management 2,314,800 RSD
Validation Manager Executive and Management 2,136,200 RSD
Vice President Executive and Management 2,998,500 RSD
Zone Manager Executive and Management 2,566,100 RSD

Salary Comparison by City

If you want to compare salaries with different cities in Serbia, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Belgrade 3,205,100 RSD
Novi Sad 3,144,700 RSD

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